President of India inaugurates ‘One District one Product’ Summit

The President of India, Shri Ram Nath Kovind, inaugurated the ‘One District One Product’ Summit in Lucknow, Uttar Pradesh. Speaking on the occasion, the President said that micro, small and medium enterprises are called the backbone of our economy. These enterprises are engines of inclusive development. After the agricultural sector, most people find employment in this sector. This sector generates more employment opportunities at a lower cost of capital. And the most important thing about this sector is that it creates jobs in rural and backward areas. The President noted that Uttar Pradesh contributes around 44 per cent in the total handicraft exports of the country. Industries such as handicrafts, food processing, engineering goods, carpets, readymade clothes, leather goods etc earns foreign exchange as well as provide employment. Therefore, this sector will play an important role in the development of Uttar Pradesh. He expressed confidence that the ‘One District One Product’ scheme will enhance skills of local people as well as increase the reach to products. And it will result in economic progress of artisans of Uttar Pradesh.

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